SB22 H Akers AMT

Akers 3254

Delegate Akers moved to amend the committee substitute by striking out the title and substituting therefor a new title, to read as follows:

Com. Sub. For Senate Bill 22 - “A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §36-4-9c, relating to providing for enhanced damages for nonpayment of royalties due from oil, natural gas, or natural gas liquids production under the terms of a lease or other agreement; providing for treble damages for unpaid royalties after non-payment for 6 months, unless there is a bona fide dispute or the damages are otherwise provided for in writing; providing for proper jurisdiction and venue for causes of action to resolve disputes; providing for the prevailing party to be awarded reasonable attorney’s fees and costs; and providing that the section applies to disputes filed on or after July 1, 2025.”

Adopted

Rejected